I have done a lot of buying in the last week, just wondering if people on here have bought some serious stock?
Hbm (Hudbay Minerials) is a stock that has done me very well.
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I have done a lot of buying in the last week, just wondering if people on here have bought some serious stock?
Hbm (Hudbay Minerials) is a stock that has done me very well.
Define "very well", kind sir.
Attachment 89600
He said that he was "buying". ¯\_(ツ)_/¯
What do I know. I barely know how to buy a sock.
I've been buying, but very cautiously.
Part of me wants to pull the ripcord and join the masses in their panic, but panic selling usually never works out.
It feels like we’re reaching peak hysteria... Genova auto show just canceled
But I want to see the i4!
I am definitely buying a vest today.
The irrational valuations had to return to earth one day. This may be the day.
I was happy with owning all my previous positions 3 weeks ago when they were printing higher.
Nothing has changed to make me feel like those same positions are now bad investments when printing at current prices.
Might put in a small buy this morning to average down while stuff is on sale otherwise I’m going to let it ride
Another 4% gone from the TSE... :nut:
we're probably halfway there.
Buy buy buy
After this mass hysteria passes things will recover.
I feel like were only halfway through the dip. All the markets were at record highs even though both Canada and US economic numbers are softening, even without Coronavirus we were sorta due for a drop sometime soon. I think the virus just sparked the sell off.
bought some stuff again this morning.
going to wait after march 3 next since I don't feel like putting more on my RRSP unless things gets really attractive.
Gonna wait until next week to do some buys. I need to average some shit down as down pretty huge after this bloodbath :(
I have been expecting this for almost a year. Will start buying back in once everything is back to early 2019 level.
Wife has a sizeable inheritance coming in and I have a good chunk of money from a LIRA transfer.
Was helping my sister with reallocating all of her investments so she recently went back into cash too.
That said, it doesn't really change my strategy much; still holding everything and not panic selling. No one knows how far this will go so just staying the course.
Woo wee!
I had a feeling this was coming last week but didn't pull out, but did first thing Monday morning. Bought VGRO on Dec 27th for $27...sold on Feb 24th in the morning for $27. Made no money but at current price, saved myself 12k in losses. Plan to get back in at some point, but I think things will get worse before they get better. Might buy again in small portions here and there.
I'm also just letting everything ride. Might look at buying more if it continues to drop for the next couple weeks.
Digital debuts are still a go.
https://www.autoblog.com/2020/02/28/...us-automakers/
I totally understand this, and that's my intention, but I got into the game late as is when I figured everything was overvalued, so if there is a chance for me to re-buy those same stocks at a bigger discount, I don't see why not try it. Sold 6666 stocks, at current price I could get 7100 stocks for the same money. Makes sense to me unless I am missing something.
Is it worth looking at health stocks/portfolios..?
I’ve been almost all cash since the virus began, as I initially thought it was going to be a huge supply chain disruption, and valuations at that time were very frothy overall. Either way, I can’t say I see any way that this is a buying opportunity. Inevitably the virus will spread to the US given its patterns thus far, if it hasn’t already, and the resulting panic (whether justified or not) will be painful.
Most monetary and fiscal tools for stimulations are maxed out, with money being very cheap, QE going on for a while now, and big fiscal deficits. I did short the market Monday, but closed that position on Tuesday. Can't say I expected this sort of reaction...
That's reasonable logic and nothing I would begrudge someone for doing as 180k is nothing to scoff at. I think there was fear in your decision to move back into cash and can be rationalized as you saved yourself some losses.
That said, you're in your 30s and based on your threads, my impression is that you wanted something to park your money in and just grow. Longterm passive investing isn't so much when to buy but more of a function of consistency and discipline.
Your fear makes sense but your decision to go into VGRO and pull out at the first sign of volatility only go to back in later on doesn't align with your overall retirement strategy.
You pulled everything out @ 27, great. What's your strategy from here on? You don't know the bottom so are you going to dollar cost average 30k a month for the next half year?
Just my .02 but I'm just a regular guy with biscuits crumbs in portfolio :rofl:
What he said
I am buying in slowly. Hopefully I won't get burned too badly but started averaging down my VGRO. Progressively buying 100 shares of VEQT everyday it is down more than 2%.
I suspect we'll see some big bounces as this sucker rolls down hill for a while. Be careful.
:facepalm::facepalm::banghead::banghead::banghead:
Couldn't of have said it better myself.
The reason markets "work" is because of fear and greed. People think they can get the top and it's "overvalued" or they can get a better price.
If you are setting a plan stick to it. you can say I'm going to take profit of 25% of my portfolio @ $200 on apple when it was $100 and it's fine, price goes up you could of earned more but you stick to your plan.
If your plan is to keep and hold for 20-30 years and then a 10% drop comes and you fear losing more your going to get punished hard.
Best advice I can give.. MAKE A PLAN AND STICK TO IT. If you go and 5x your investment but cashout when that wasn't your plan nobody can give two shits about how you profited, I'd give you much more respect if you bought at $300 for apple and held for 10 years like your plan was and didn't touch any of it even if it ended at $280 or $320 when you hit your time-length goal.
That's the hard thing.
Make a plan, and plan, stick to it, you remember the 1 time you "made" a good trade but then forget the 10 times you made a "bad trade" because you didn't have a goal at the start.
This is the truth, you can agree or disagree I don't care, this is how I make a living (But from poker, fundamentals are the same) having all those guys "remember" how they "made" a lot of money that one time in Poker but don't know what they are doing and think because they won before they are "good"
Then you take a few bad trades and start to use leverage to chase your losses.
Going to give you some insight those day traders that are really good are only making about 5-10% ROI (Return on Investment) so they are basically losing on 40% of their trades and winning on 60% while taking profits to cover stop losses, but everything is set in stone BEFORE they enter a position.
I'm writing this but I'm sure most people won't listen.
Remember your not going to beat the markets without a plan.
SET A PLAN
STICK TO THE PLAN
IF YOU BREAK THE PLAN YOU FAIL.
The plan can be "Don't touch for 5 years, 10 years, 20 years"
"I'm going to take 25% Profit at 100% ROI"
"I'm going to set a stop loss at 21%"
DON'T DO LIKE THIS GUY...(Friend of mine)
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It doesn't matter, just stick to the plan, learn to educate yourself if you want SL/TP goals and then just pick a random number, it will be a better outcome than "Oh now i think it's overvalued, I'm selling!" then price goes up "FUCK I COULD OF MADE MORE MONEY, I NEED TO BUY AGAIN"
Sitting on some cash, toying with the idea of raising some more, mouth starting to water, the only thing that smells better than a fresh sear on a steak is the market on sale.
As Bill mentioned, another effective approach is thinking about what plans you have to increase capital so that you can capitalize on the opportunity and buy more heavily during a downturn.
The thing about passive investing is that I pretty much just put everything into the portfolio since I intend to ride it out over decades. My strategy doesn't leave a substantial amount left on the sidelines since I don't try to time the market.
As a purely casual thought exercise, I've been toying with the idea of borrowing to invest which is something I've never done before and it would mean changing my strategy.
Makes sense, but I guess my justification at the time is that I was only 2 month's in, already got a dividend, and wanted to return and buy on some sale. I will probably buy in smaller portions over time.
I do have 30k in other random stocks, those are down like 10% and I don't intend on touching those at all, it's all small 5k positions in 6 different companies, but I won't sell. I wouldn't have sold VGRO if it was down either, but since i was able to get out for what I paid for it (and got a dividend to boot) I figured I will return and re-buy at hopefully a better price. At the moment I think there is still lots of downside potential, but who knows. We will see how things play out, the virus isn't slowing yet and it's only getting worse.
We will see. I think the reason I am on the edge right now is that things seem too over valued and lots of talk of the market crashing...I don't want to be left holding the stick and then having multiple years of waiting just to get back to where I started instead of growing. Once I rebuy, I will hold it for next 20-30 years.
I am doing the opposite of what you all are doing because I am autistic like that. For real.
I don't believe the virus is the reason behind this "flash crash" this was basically inevitable and markets kept going up while cases in the USA were found, it defeats the purpose for me. This can't be the main reason for it, it can be a factor.
I'm going to give you some advice about retracements, there is a golden rule "Bankers rule" that has 61.8% as the main retracement % (As are 23.6%/38.2%/50%/76.4% but 61.8% is the main one)
You can study this with "Fibonacci retracements" with a simple google search.
We can assume that whatever the top is and bottom is (If this isn't the bottom) we will retrace back 61.8% of the move downwards. (Same goes in opposite directions)
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Everyone should learn this that are investing, when everyone and their mother is telling you to invest and your scared of missing out your going to be a millionaire you can guess which point that is.
When everyone thinks it was just a pullback and nothing to panic about you can guess what point that is.
You need to look at the big picture you keep mentioning "A better price" you need to figure out what the "Better price is"
You also keep mentioning "over-valued" we have learned this doesn't mean much in markets, they can also be "undervalued"
There is Apples Balance sheet: https://www.marketwatch.com/investin...apl/financials
You can access yourself if you think the Incomes match the value of the stock price.
It doesn't matter at what price you buy for a long-term investment (If you believe in the USD) statistics have shown over time you will get a better ROI on your investment if you buy it at the tops or bottoms rather than buying/selling randomly.
*Don't invest anything you can't lose.
Smart! https://www.dailyfx.com/sentiment
This ain't going to make me 89coupe rich, but I will surely be the proud owner of a Patagonia fleece vest in 4-7 business days.
I am loving this personally, as should most people who aren't near retirement. Time to buy some more VGRO.
Bought BAM.A, XAW, and VGRO today. Sold a bunch of ZLC right before it took a mid-day dive. Bought again once my equity orders will filled.
My strategy is to buy every Friday and that's what I'm going to do. Kind of laughing at myself for putting ~ $20k on the market in Jan/Feb when it was at ATH, but the strategy is the strategy and discipline is what will win out long-term. Don't want to pull a Sugarphreak and panic sell (especially since he did so before an amazing run-up... lol).
Wish I had more cash on hand, but I doubt that this will be a week before it's fixed again, and I'll be much more liquid come tax time. A correction is due and this looks like it could be it.
EDIT: Anyone who is 15+ years out from retirement and selling funds like VGRO right now are kind of missing the point of passive investing. The point isn't to buy high and sell low, folks...
Those that are close to or have just retired should have moved their investments into something less volatile like VCNS, IMO (though VGRO is still on the conservative side of things). I plan to transition from VGRO --> VBAL --> VCNS (or a similar progression) as I near retirement.
I was also going to say...
If you're in retirement mode and you are still heavily invested in equities, well, you kinda fucked up.
And VGRO is 80% equities, not very conservative. I know these days the sentiment is "OMG STONKS", but the fact remains that an 80/20 equities/bonds split is still pretty aggressive. And when you hit retirement, preservation of capital is as, or more, important than growth. If you had $2MM in bonds/etc. yielding 2% you'd be earning $100k/year. Taxable, sure, but why fuck with that? The risk is dramatically, massively, hilariously lower.
Look at a bond fund like ZAG right now. If you are retired and sitting on a ton of ZAG, your attitude is very much "what problem?". The fund has barely moved, it yields 2.7%, and it's comprised heavily of government bonds. No investment is risk-free, but ZAG is pretty darn close.
If you are near retirement, and 60% or more of your portfolio isn't in safer investments like ZAG, well, you kinda fucked up... lol.
So many investment gurus on here, you must all be bathing in money.
Oh what it must be like to be Beyond rich.
Still a few levels below aspen rich, but sure feels good
I mean, buy and hold quality companies and the virtues of passive investing are pretty well established. The entire point is to hold and not spaz out during corrections or unexpected events like this.
If you think the world is going to end because of CoVid-19, sure, sell it all and party the remaining days away. If you think the global economy will survive, albeit there is going to be some short-mid term bullshit along the way, it doesn't make sense to sell investments that you made on a long time horizon because the next couple of years might be rocky.
What do you know that the rest of us don't?
I'm not sure what 89coupe is trying to say.
On page 1 he hits us with a "buy buy buy" but now it seems like he came back on page 3 to snub his nose at us for something I can't quite place my finger on.
I've been loathe to spend money on them Canada Goose coats but spring is here now that I'm ready to bite the bullet :cry:
Equities was the only place for the past decade that money could be made. You sure as hell weren't doing it in fixed assets. Also, if your plan is to build a portfolio large enough to sustain you through retirement you are not in funds, you are invested in blue chip stocks that provide consistent returns. Which is what members of my family have done. Been able to sustain a living on it.
This isn't the 80's, 90's or even early 00's, interest rates are not supporting a retirement invested in fixed income.
PI probably isn't the superior investing strategy for those that are well informed and seasoned investors. But for most of us, it's proven to be the best way to do it (and has been for decades).
If we get to guns and ammo time, then yea, my concern won't be my investments... lol
What I mean by that is, if you are able to do good technical analysis and consistently beat the markets, then yea, PI isn't the way to go. But, when you buy/hold the global index, you basically bet that the global economy will continue to exist and grow in some fashion.
I know a few guys who consistently out-earn the market and have for years. I'm not one of those guys.
I'm generally pretty quick to squash anecdotal stories about guys who consistently beat the market.
- Generally they don't report their winnings as risk-adjusted return
- Generally they don't have an edge, they are applying what they think is "technique" but is generally just no different than any other probability.
- Survivor bias is a thing.
When your portfolio becomes large enough you can diversify your investment without the use of funds like ETFs or Mutuals. You have to spend a lot more time managing it though.
Both returns in some senses. A lot of blue chip is paying healthy dividends especially when you are talking companies with regular revenue streams, like financials, telecommunications and utilities.
I have tried to sell them on the idea of PI, but generally do not go for it. I think there is a lot of effort and skill involved in maintaining a diversified portfolio when not doing that.
I just want to know 89coupe's networth and what I can do to get there.
Also pics of rx7boi's wife's substantial inheritance and tinder profile.
The inheritance is likely peanuts compared to Beyond standards. Just feeling blessed from the blind luck that this market correction is happening at the same time haha.
It also just means that it's harder to ignore @ExtraSlow 's suggestion to buy a Raptor, or two. :rofl: :rofl: :rofl: